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A Firm Estimates Its Long-Run Production Function to Be

Question 11

Multiple Choice

A firm estimates its long-run production function to be A firm estimates its long-run production function to be Suppose the firm employs 12 units of capital.At ________ units of labor,average product of labor begins to diminish. A) 32.21 B) 44.44 C) 66.67 D) 76.66 E) 82.27 Suppose the firm employs 12 units of capital.At ________ units of labor,average product of labor begins to diminish.


A) 32.21
B) 44.44
C) 66.67
D) 76.66
E) 82.27

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